Beacon Harbor Wealth Advisors Inc. Buys New Position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Beacon Harbor Wealth Advisors Inc. bought a new stake in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 104,201 shares of the company’s stock, valued at approximately $9,603,000. Invesco Aerospace & Defense ETF comprises about 2.8% of Beacon Harbor Wealth Advisors Inc.’s holdings, making the stock its 6th biggest holding.

A number of other hedge funds have also recently bought and sold shares of PPA. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management bought a new position in Invesco Aerospace & Defense ETF in the fourth quarter valued at approximately $34,256,000. International Assets Investment Management LLC grew its stake in Invesco Aerospace & Defense ETF by 9,361.6% in the fourth quarter. International Assets Investment Management LLC now owns 244,582 shares of the company’s stock valued at $22,541,000 after purchasing an additional 241,997 shares in the last quarter. Axxcess Wealth Management LLC grew its stake in Invesco Aerospace & Defense ETF by 219.3% in the third quarter. Axxcess Wealth Management LLC now owns 229,932 shares of the company’s stock valued at $18,349,000 after purchasing an additional 157,931 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in Invesco Aerospace & Defense ETF by 243.7% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 208,311 shares of the company’s stock valued at $19,198,000 after purchasing an additional 147,710 shares in the last quarter. Finally, Raymond James & Associates boosted its stake in shares of Invesco Aerospace & Defense ETF by 165.6% during the 4th quarter. Raymond James & Associates now owns 175,968 shares of the company’s stock worth $16,217,000 after acquiring an additional 109,718 shares during the period.

Invesco Aerospace & Defense ETF Stock Up 0.7 %

Shares of NYSEARCA PPA traded up $0.69 during midday trading on Thursday, hitting $101.86. 92,889 shares of the company’s stock were exchanged, compared to its average volume of 160,889. Invesco Aerospace & Defense ETF has a 12 month low of $77.17 and a 12 month high of $102.42. The company’s 50 day moving average price is $99.44 and its 200 day moving average price is $92.49. The firm has a market capitalization of $3.09 billion, a PE ratio of 32.60 and a beta of 0.74.

Invesco Aerospace & Defense ETF Company Profile

PowerShares Aerospace & Defense Portfolio (Fund) seeks investment results that correspond generally to the price and yield of the SPADE Defense Index (the Index). The Index is designed to identify a group of companies involved in the development, manufacturing, operations and support of the United States defense, homeland security and aerospace operations.